The Government says it will look to attract more tourists from China and has signed an agreement with a Chinese company to promote Sri Lanka. Tourism Minister John Amaratunga said that Sri Lanka feels China is the best bet to increase Sri Lanka’s tourist arrivals as Chinese tourists like to visit Sri …
Sri Lanka is upbeat over the proposed free trade deal with China which is expected to provide Sri Lanka with a level playing field among competitors in the ASEAN region. The Central Bank, in the first copy of the Annual Report for 2017 which was releas…
The Central Bank, in the first copy of the Annual Report for 2017 which was released today, notes that following the Memorandum of Understanding (MOU) signed between China and Sri Lanka in September 2014, the two countries have conducted six rounds of …
China is willing to work together with all countries, including Sri Lanka, to safeguard the multilateral trading system, promote further development of economic globalization, build a new form of international relations and a community of shared destin…
Apr 23, Colombo: China today rejected the rumors of ‘Chinese Militarization’ at the Hambantota Port of Sri Lanka as ‘baseless suspicion’. Ambassador of China to Colombo, Cheng Xueyuan, dispelled the rumors that China’s Belt and Road initiative aims to use Sri Lanka’s Chinese-built port in the Deep …
China on Monday dismissed as “baseless” reports that it will militarise Sri Lanka’s southern port of Hambantota, saying the facility was part of Beijing’s “pragmatic cooperation” with Colombo for economic development. Chinese ambassador to Sri Lanka Cheng Xueyuan recently met Prime Minister Ranil …
China has warned Sri Lanka over attempts to sour the relationship between both countries. The Chinese Ambassador to Sri Lanka, Cheng Xueyuan said that there are baseless claims being made that the Hambantota Port might be used for military purposes. “C…
In the meantime, Sri Lanka which has been trying to recover economically, politically and socially from its drawn-out, three-decade-long civil war, owes China billions of dollars. The International Monetary fund chief Christine Lagarde has alerted Chin…
China Merchants Group — whose 2017 revenues of $93 billion dwarf Sri Lanka’s gross domestic product — is aiming to use its experience stretching from China to Europe to make the port profitable. During a rare look inside the grounds late last month, executive Tissa Wickramasinghe told Bloomberg …
ECONOMYNEXT – Fears that Hambantota port in Sri Lanka will be used as a military base in the future is only speculation, a Chinese finance ministry officials said, also rejecting charges that China is that poor countries in debt by its One Belt One Roa…